Spores Decentralized Exchange

The Spores decentralized exchange is a cross-chain interoperable DEX allowing NFT holders and DeFi users to trade NFTs for fungible crypto assets across BSC, Ethereum and Polkadot- Substrate. The DEX is supported by decentralized wrapping and cross-chain atomic swap protocols to make transaction seamlessly regardless any underlying blockchain. Moreover, the DEX provides extensive decentralized finance utilities, for instances, staking, NFT-collateral lending, farming, LP & transaction mining. Thus, NFT liquidity is significantly improved while reducing high transaction fee on Ethereum

Spores Network explores the extensive nexus between NFTs and DeFi markets. It is necessary to show readers a deeper look at Spores NFT-DeFi model, which basically combines NFT marketplace and DEX. And as we’re discussing about the Spores DEX, it’s proven that the NFT marketplace place targets to erase the barriers and frictions caused by blockchain technical issues, then help artists, designers, game developers efficiently monetize their works via DeFi space. So does the NFT DEX enable NFT swaps & wrapping across major blockchains (Ethereum, BSC, Polkadot) — erasing market fragmentations

Furthermore, Spores facilitates DeFi traders with financial gamification in the NFT space, then helps them to enjoy and earn from collectibles, game items, digital cards & other creative content. In addition, Spore’s DEX is specialized for the NFT market, roughly speaking, to provide the most optimized liquidity and financialization for all NFTs in accordance with the native governance/utility tokens of NFT platforms. Spores aims to Fractionalizing multiple NFTs, utilizing LP mining on DEXes, lending & staking, to improve overall liquidity

Finally, An interoperable NFT Defi platform is the foundation of the future of digital “metaverse” which is envisioned by spores, and it allows for frictionless and borderless NFTs economies transaction to take place. Also users enjoy;

User friendly; Everyone can create NFTs without coding skills and trade without underlying blockchain knowledge

NFT drop; Free NFT drops from notable & exclusive creators to users and LPs.

--

--

--

Blockchain enthusiast//Blockchain Ambassador//Content writing.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Alex Rass and Jerome MacGillivray present the MoneyToken platform

List of Merchants that Accept Bitcoins

CryptoWeekly | BTC continues to dump below the 12k mark

Crypto Weekly News — January, 22

Hump Day Spice

Finding Satoshi

What is TRON? Why is it on the rise? Know everything about it here

Minter’s Month in Review—July 2021

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Latsan

Latsan

Blockchain enthusiast//Blockchain Ambassador//Content writing.

More from Medium

NEW VISION WITH ioPay V2 CRYPTO WALLET

HOW TO BUY MATRIXETF TOKEN (MDF) ON RAYDIUM

SynAssets IDO Guide(OG Market)

Structure of the Thinkium Ecosystem